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Bilyonaryo - Business

No popular support: Cynthia Villar sees charter change move failing under Marcos

  • March 15, 2023
  • Bilyonaryo.com

Senator Cynthia Villar isn’t optimistic about the success of latest efforts to amend the 1987 Constitution, which are coming from the House of Representatives.

The wife of ultra bilyonaryo Manny Villar said it’s unlikely for the proposal to fly under President Bongbong Marcos, with no less than the Chief Executive himself lukewarm to amending the Constitution.

“I have been there for so long. Nine years in Congress and 12 years in the Senate. That’s a long time. More or less you know what the people want,” Villar said. “Whenever it’s brought up it’s not popular.”

Local and foreign business chambers have long been lobbying for the lifting of foreign ownership restrictions, saying it will allow more investments to flow into the Philippines and develop local industries.

The House recently passed a resolution calling for a constitutional convention, as well as a bill providing details of the proposed gathering of delegates. The measures will be sent to the Senate for further deliberations.

  • Related News Tags: 1987 Constitution, Chacha, Cynthia Villar, House of Representatives
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NextSolaire celebrates 10th anniversary with Michelin-starred feastsNext

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NAIA privatization update: Manila International Airport consortium’s offer and DOTr’s PPP model under evaluation

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Only 7 flights affected: MIAA downplays June 9 power glitch

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Philippine unemployment rate drops to 4.5% in April

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Trust holdings in Philippine banks surge to P3.95 trillion as of end-March

The trust and investment management business of the Philippine banking system experienced a 6.24 percent growth, reaching P3.95 trillion by the end of March, according to data from the Bangko Sentral ng Pilipinas (BSP).

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Ibang-ibang Ibarra! Find out how foray into musical theatre changed Piolo’s life

June 8, 2023

Piolo Pascual, one of the most popular Philippine actors of all time, will be showing a different side of himself when the musical “Ibarra” opens on June 8 at the GSIS Theater.

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